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The company is locked in a dispute over the valuation of Belgian cable company Telenet Group Holding NV (TNET.BT), which Liberty Global already owns slightly more than 50% of, and wants to completely take over. Liberty in September made an informal bid of roughly $2.5 billion for the Telenet shares it doesn't already own, while Telenet last week cited a higher independent valuation. The Wall Street Journal has reported the deal is at risk of turning hostile.

The company has reported mixed revenue in recent quarters despite more customers switching to digital services or subscribing to packages that bundle services, while its bottom-line results have frequently been hurt by losses on derivatives and currency changes.

On Monday, Chief Executive Mike Fries noted that the company's top-line rebased growth reflects its "best quarterly performance in two years, fueled by a record number of broadband internet and telephony subscriber additions over the last twelve months."

For the quarter, Liberty Global reported a loss of $22 million, or eight cents a share, compared with a year-earlier loss of $333.1 million, or $1.18 a share. Revenue rose 4.1% to $2.52 billion.

Liberty noted that the improvement in its bottom line stemmed from stronger foreign-currency transaction results that were only partially offset by changes in the mark-to-market adjustments of its derivative instruments.

The company recorded $150.2 million in foreign currency transactions gains, versus a loss of $787.1 million a year ago. It also said its loss from changes in the fair value of certain investments and debt narrowed to $18.1 million from $63.4 million.

Operating margin widened slightly to 20.2% from 20%.

Liberty Global's Class A shares closed Friday at $59.90 and were inactive premarket. The stock has risen 46% so far this year.

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